Read the Scenario and Answer, Do you agree or disagree and why?

Scenario Client 1: When I was three years old, I started making candy with my grandmother. I am now 10 and I want to sell chocolate candy with a farm theme to my friends and family. My product ideas include Brown Cows (chocolate cows on a stick), Pigs in Mud (marshmallow dipped in caramel, nuts and chocolate) and Farm Eggs (jellybeans dipped in chocolate). The start-up expenses for my business are pretty small: a few candy molds, candy, and chocolate.) My parents have agreed to loan me the money I will need and to let me work in the family kitchen. Schoolwork has to take priority over business so if I have more sales than I can handle, I will probably ask friends or my older brother to help. My brother is also pretty good at math and computers so he could help me with keeping track of my expenses and advertising. I really like the product development and packaging part of the business.

Someones Answer-Client 1 best option is to enter a partnership. To be more specific Client 1 should enter into a limited partnership with his parents, this allows his parents to have limited terms as a partner involving limited liability and decision making (Lau & Johnson, 2019). Client 1 should also enter into a partnership with his brother, but a general partnership creating a contract called the articles of partnership, this is a voluntary contract were partners decide on how their partnership will be run (Lau & Johnson 2019). This would create a buy/sell agreement for Client 1 and his brother. Buy/sell agreement is an agreement between partners values to sell partners portion in event partner decides to with draw or dies (Lau & Johnson, 2019). One potential negative aspect taking this option is disagreements can start between client 1 and his older brother on how they would like to approach the marketing/advertising aspect.